Thailand Pulls the Plug on Bitget: December Deadline Sets the Clock for Crypto Traders

Thailand’s Securities and Exchange Commission filed a criminal complaint against BG Limited, the operator of cryptocurrency exchange Bitget, alleging that it conducted an unlicensed digital asset business in the country between 2022 and 2025. The SEC said the complaint was filed with Thailand’s Economic Crime Suppression Division for investigation.

The regulator has notified the Ministry of Digital Economy and Society to block access to Bitget’s website, associated domains and mobile app from December 5, 2026. Thai users were advised to act on assets and positions held through the platform before the deadline. According to the SEC, Bitget offered crypto trading services between 2022 and 2025, charged trading fees and promoted its services through Thai-language websites and social media channels, violating Thailand’s digital asset business licensing requirements.

Prosecutors will decide whether to bring charges, while courts will determine criminal liability. Thailand’s Ministry of Digital Economy and Society has authority under a 2025 decree to restrict access to unlicensed crypto trading platforms as part of measures intended to protect investors and combat financial crime.

The case follows Bitget’s October acquisition of licensed Thai brokerage GMO-Z.com Cryptonomics, which was still awaiting regulatory approval when reported. Bitget did not immediately respond to Cointelegraph’s request for comment.